Tax rules can help you save money for retirement, but there are certain strings attached when youve put your money in pre-tax accounts. Thats especially true if you retire at a relatively young age and want to take distributions. For example, if you need to tap retirement savings for cash flow before age 59½, you … Read more
Have you ever wondered if your pension plan is actually “well-funded”? I’ve spent countless hours researching this topic, and what I discovered might surprise you The common belief that an 80% funded pension is “healthy” is actually a widespread myth that deserves to be busted wide open The Truth About Pension Funding Levels Let me … Read more
Financial infidelity is when someone lies about or withholds important information about money. This dishonesty can happen within romantic relationships, between roommates or business partners, or within a larger family structure. For the purposes of this article, I’ll be largely focusing on romantic relationships. (If you’d like me to write about financial infidelity within other … Read more
Are you wondering if you can convert your future pension payments into immediate cash? Maybe you’re facing financial challenges or just need a lump sum for a major purchase. Whatever your reason, the question “can I sell my pension?” is more complex than you might think Let’s break down everything you need to know about … Read more
Compare your average Social Security check with others of your age, and plan for the future. When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. Getting a handle on the average Social Security check by age can help you fine-tune your retirement plans. As of July … Read more
Many people believe that inheritance money is automatically protected during a divorce. However, this is far from true. In reality, UK divorce law takes a much more nuanced approach to asset division, and some of the most common misconceptions could quickly lead to costly mistakes. In this article, we debunk the ten biggest myths among … Read more
It’s a typical story I see play out time and time again, whether with new clients, longtime neighbors, or business contacts. I tell them I’m a financial advisor, and we start talking about money, investments, and eventually retirement. They say to me, “I also have this thing… I think it’s called an annuity? My guy … Read more
Insights into average amounts, financial planning, and management tips Part of the Series Where Wealth Meets Legacy Inheritance can be life-changing. From paying off debt to investing in the future, it’s a financial turning point for many families. According to the Federal Reserve data, on average, American households inherit $46,200. However, this number is inflated … Read more
When a loved one passes away dealing with grief is hard enough without worrying about inheritance matters. One of the most common questions that beneficiaries have is “When will I actually receive my inheritance?” The answer isn’t always straightforward and the timeline can vary significantly depending on several factors. I’ve put together this comprehensive guide … Read more
The Short Answer: Yes, You Need Separate IRAs If you’re wondering whether you and your spouse should have separate IRAs the answer is pretty straightforward You don’t have a choice. IRAs can only be held individually – there’s no such thing as a joint IRA. But this limitation might actually be a good thing for … Read more
